All Forum Posts by: Kason Walton

@Tim Sipowicz do you have any properties that you can take a HELOC on? I found that a conversation with a potential lender is easier if you can show that you have already managed a few deals that had success. Showing your profit margins will help them have confidence in you. I try and find a way to lead a regular conversation organically to real estate then talk about some of the flips or BRRRS I've done. Then I'll say that I am growing/ expanding rapidly and looking for investors or partners for some specific deals coming up. I'll ask if they know of anyone who might be interested. They usually ask about the upcoming deals and you can line out your plan and returns. Once they are hooked I ask what they want to make out of the deal, percentage wise or an ownership percentage on a rental. You can see if it's worth it for you with those numbers or not.

@Corbett Brasington I have found a realtor is great for when you want to be represented in the sale of a property. They can list it on the MLS and be the intermediary on your behalf. Once you figure out how to find off market deals the rest of the process is fairly simple. The only reason to involve a realtor in the scenario you described is if you have so much money that you want to waste some.

In the past year I have purchased three duplex's and one SFH as rentals. I still have my W2 (career firefighter), I have a handyman construction business, I have some cash reserves and was going to open some HELOC's to have capital to begin flipping / BRRRing. The banks all tell me I am at the very top of my DTI to get more loans. Should I find a partner to offset that ratio? Possibly sell a property to have capital for my construction business for the flips and BRRRs?

@Deonte Watkins if I were to be starting out and had capital I would find a successful and reputable person in my area that is doing what I want to do. I'd offer to be an equitable partner and see if you could jr a deal with them (and provide some capital). If you are unsure what you want to do in the real estate world then take some time to really study what aspect you feel comfortable (fix & flip, BRRRR, small multi, SFH, commercial, note purchases, etc)